Interview With Agree Realty Corporation (Buy Rating Reaffirmed)

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I'm currently in New York City, and if any of you would like to meet up, I'll be at Beer Authority (on 40th Street) this Friday evening at 6:30 PM. Feel free to stop by and say hello!

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Interview With Agree Realty Corporation (Buy Rating Reaffirmed)

We recently sold half of our position in Agree Realty (ADC) because we think that it now trades near its fair value, and some other REITs offer much higher yields and greater upside potential.

You can read our trade alert by clicking here.

However, we did not sell the full position because we continue to think that the REIT is likely to deliver above-average returns with below-average risk over the long run, making it a great anchor for our Retirement Portfolio.

It is unlikely to enjoy significant near-term upside and doesn't offer a very high yield (currently yielding 4.2%), but it should be consistent and reliable over the long run.

We recently got to talk with the CEO of the company, Joey Agree, and our conversation confirmed those thoughts.

Below, we share our main takeaways from the interview, and we then also share its full transcript.

Interview Takeaways

1) Shifting to Offense with Aggressive Investment Plans